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VW ups the ante in China, hikes stake in JAC JV to 75%, invests in EV battery supplier

VW ups the ante in China, hikes stake in JAC JV to 75%, invests in EV battery supplier

autherAutocar Professional Bureau     calendar29 May 2020

To invest 2 billion euros to increase JV stake and acquire 50% of parent company JAG; additionally, acquires 26% of EV battery maker Gotion High-Tech and becomes largest shareholder.

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Tata Motors Indonesia offers an SCV free with Ultra 1014 truck or LPT 913 tipper
Tata Motors Indonesia offers an SCV free with Ultra 1014 truck or LPT 913 tipper

By Nilesh Wadhwa calendar29 May 2020

In a bid to rev up sales, CV maker giving a Super Ace HT SCV free with every purchase of its Ultra 1014 or LPT 913 tip...

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Renault Group aims to slash fixed costs by over 2 billion euros over three years
Renault Group aims to slash fixed costs by over 2 billion euros over three years

autherAutocar Professional Bureau calendar29 May 2020

French carmaker releases draft plan aimed at restoring the Group's competitiveness and long-term sustainability by sim...

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Ford’s new heated software enhancement helps US police vehicles neutralise Covid-19
Ford’s new heated software enhancement helps US police vehicles neutralise Covid-19

autherAutocar Professional Bureau calendar29 May 2020

. Using Police Interceptor Utility’s own powertrain and climate control systems, the software solution enables vehicle...

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Nissan’s new leadership team lines up major steps to build a sustainable business
Nissan’s new leadership team lines up major steps to build a sustainable business

By Sumantra B Barooah calendar28 May 2020

Reduction of annual production capacity from 7.2 million units to 5.4 million units by March 2024, is one of the key s...

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DICV to invest Rs 2,277 crore in Tamil Nadu, expand production at Oragadam plant
DICV to invest Rs 2,277 crore in Tamil Nadu, expand production at Oragadam plant

By Sricharan R calendar28 May 2020

New investment to expand production of trucks and buses, new employment of 400 personnel.

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Piaggio donates over 11,000 ration kits to auto driver families in India
Piaggio donates over 11,000 ration kits to auto driver families in India

autherAutocar Professional Bureau calendar28 May 2020

Piaggio says it arranged free supplies of these ration kits ensuring basic food security for a minimum of two months t...

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Kia Motors India to invest Rs 400 crore more in Andhra Pradesh
Kia Motors India to invest Rs 400 crore more in Andhra Pradesh

By Nilesh Wadhwa calendar28 May 2020

Kia has confirmed an additional investment of $54 million (Rs 400 crore) for expanding its Anantapur facility in Andhr...

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TVS Motor Company reports net profit of Rs 592 crore for FY2019-20, down 11%
TVS Motor Company reports net profit of Rs 592 crore for FY2019-20, down 11%

autherAutocar Professional Bureau calendar28 May 2020

The company incurred a one-time cost of Rs 22 crore for dealer discounts and Rs 32 crore for Covid-19 relief work.

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Nissan to slash global production and models by 20% by FY2023
Nissan to slash global production and models by 20% by FY2023

By Mayank Dhingra calendar28 May 2020

Japanese carmaker to take decisive action to transform business by streamlining unprofitable operations and surplus fa...

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MOST READ

POLL OF THE MONTH

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Yes

 

42.15%

No

 

57.85%

Total Votes : 325